How did you finance this deal?

Financing can make a big difference, and local lenders who understand house hacking and multi-family investing can sometimes offer more flexibility than big banks.

How did you finance this deal?

Given my inclination to keep the rental property, what are the potential benefits or drawbacks of using a HELOC on this property to finance another investment property?

Instead, these funds were allegedly diverted to finance other real estate transactions and for personal use by Wettengel and co-defendant Tanya Muro.

I like Seth Godin's (altMBA) approach where there are application, experience, and qualification requirements. 

Kisaki, you want to utilize a hard money or Bridgemount product to acquire the property and finance the renovation budget.

To thrive in real estate investing, you must maintain a firm grip on your finances.

FHA is for sure not going to be an option for him, last option is purchasing from an investor with owner financing, or lease to own program where he will not need traditional financing. 

Consulting a tax professional now can help structure ownership and financing efficiently, ensuring you take full advantage of deductions, depreciation, and potential tax-saving strategies like 1031 exchanges in the future.This post does not create a CPA-Client relationship.